Stocks to watch: CICT, MPACT, Sats, Suntec Reit, OUE Reit, Clint
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[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Apr 25).
CapitaLand Integrated Commercial Trust (CICT) : It posted net property income (NPI) of S$291.5 million for Q1 FY2025, a 0.8 per cent drop from the previous corresponding period. Revenue for the quarter fell 0.8 per cent on the year to S$395.3 million. The declines were largely due to the absence of income from 21 Collyer Quay, an office building located in Raffles Place that CICT divested last November, the manager said in a Friday business update. The counter ended Thursday flat at S$2.14.
Mapletree Pan Asia Commercial Trust (MPACT): The manager posted a Q4 distribution per unit (DPU) of S$0.0195, down 14.8 per cent from S$0.0229 from the year-ago period. Unitholders can expect to receive the distribution payout on Jun 6. Its revenue fell 6.8 per cent to S$222.9 million from S$239.2 million in the year-ago period, while NPI for the quarter dipped 7.4 per cent to S$169.5 million. Units of MPACT closed 1.6 per cent or S$0.02 lower on Thursday at S$1.22.
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